FINANCIAL_SERVICESPENDING

OMC Plans Renewal of First Federal Credit Line

Olympic Medical Center is beginning the renewal process for its existing line of credit with First Federal, with a recommended amount of $8 million. The facility is expected to be paid down starting early next year as part of broader financial stabilization efforts.

Status
PENDING
Document date
August 5, 2026
Contract type
FINANCIAL_SERVICES
Vendor
First Federal
Agency
Olympic Medical Center · WA

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$8 million
Contract type
FINANCIAL_SERVICES
Renewal
Existing line of credit with First Federal proposed to be renewed at $8 million; repayment of principal planned to begin by the start of the new year. Specific maturity date and renewal term not disclosed.
Document type
Minutes
Source document
Olympic Medical Center Board of Commissioners Board Meeting Minutes 2026-08-05

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Olympic Medical Center?

First Federal was awarded this financial services contract by Olympic Medical Center, as recorded on August 5, 2026. The contract value is $8 million.

How much is the First Federal contract with Olympic Medical Center worth?

The First Federal contract with Olympic Medical Center is valued at $8 million, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in Olympic Medical Center Board of Commissioners Board Meeting Minutes 2026-08-05 (Minutes), dated August 5, 2026 from Olympic Medical Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does First Federal hold?

First Federal may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Olympic Medical Center currently buying?

Explore Olympic Medical Center's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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